7IM reduces TERs on funds of funds

The group said it had reined in its TERs using initiatives such as buying up baskets of stocks directly, rather than owning exchange traded funds, in sectors such as UK, US and Japanese equities.


The Local Shopping Reit and Schroders launch local retail fund

Structured with a Jersey PUT feeder, the Fund will be ungeared and will have an income based focus. LSR will have a strong alignment of interest through a 5 million British Pounds co-investment and a performance related fee basis in addition to base manag


Aberdeen takes over Credit Suisse Brazilian funds

Management of the funds will be taken over by Aberdeen on April 2, with the bond fund going to Brett Diment’s emerging market debt team and the equity fund going to Devan Kaloo’s emerging equity team.


Cazenove unveils European income fund for Rice‎

The Fund will seek a combination of high income with some long-term capital growth, aiming to outperform the FTSE World Europe Index and deliver a healthy yield to investors. Income will be available quarterly.